ProShares files with SEC for Short Bitcoin Strategy ETF By Cointelegraph

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ProShares files with SEC for Short Bitcoin Strategy ETF

Exchange-traded funds (ETFs) issuer ProShares has filed a registration statement with the United States Securities and Exchange Commission to list shares of a Short Strategy ETF.

In a Tuesday filing, ProShares applied with the SEC for an investment vehicle that would allow users to bet against Bitcoin (BTC) futures using an exchange-traded fund. According to the registration statement, the Short Bitcoin Strategy ETF will be based on daily investment results corresponding to the inverse of the return of the Chicago Mercantile Exchange Contracts Index for a day.